Download or read book Democratic Republic of Timor Leste Staff Report for the Article IV Consultation written by and published by . This book was released on 2007 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Democratic Republic of Timor Leste written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2022-09-22 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Timor-Leste has made impressive strides in economic development and institution building. Yet, it is a low-income and fragile country with pressing development needs. A large fraction of the population faces chronic food insecurity, and significant gaps exist in health, education, and infrastructure. With active oil fields nearly depleted, little progress has been made in diversification while fiscal sustainability is at high risk. Higher food and oil prices are fueling higher inflation, exacerbated by political spending pressures ahead of the general elections in 2023.
Download or read book Democratic Republic of Timor Leste 2006 Article IV Consultation written by Daniel Citrin and published by . This book was released on 2007 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Democratic Republic of Timor Leste written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-07-25 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2005 Article IV Consultation highlights that the economy of the Democratic Republic of Timor-Leste remains fragile. Cumulative growth over the last three years was near zero—mainly reflecting the drawdown in the presence of international agencies. Unemployment is high, 40 percent of the population lives below the poverty line, and social indicators are poor. At the same time, human capital remains scarce, physical infrastructure inadequate, and financing opportunities limited. The government is making good progress with the measures necessary to handle its new oil/gas wealth responsibly.
Download or read book Democratic Republic of Timor Leste written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2019-05-07 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation highlights that Timor-Leste remains a fragile post-conflict nation with weak human and institutional capacity and large infrastructure gaps. The main challenge facing Timor-Leste is to effectively manage its petroleum wealth to reduce public-sector dependence, diversify the non-oil economy, generate jobs for a young and rapidly-growing population, and raise living standards. Political uncertainty constrained public spending in 2017–18, resulting in a sharp contraction of non-oil GDP in 2017 and flat growth in 2018. The report discusses that risks to the outlook are closely tied to the success of fiscal and structural reforms to maintain macroeconomic stability, ensure long-run fiscal sustainability, and facilitate economic diversification. The consultation recommends that a fiscal strategy should be pursued to improve expenditure control and efficiency, mobilize domestic revenue, and commit to protecting the wealth of the Petroleum Fund. Ongoing efforts to strengthen public financial management and promote good governance are crucial to ensure public investment efficiency and enhance the quality of public services.
Download or read book Democratic Republic Of Timor Leste written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-02-28 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Timor-Leste had made good progress in establishing the basis for a stable and healthy economy prior to the civil unrest in 2006, although it remains one of the poorest countries in the world. This 2006 Article IV Consultation highlights that real non-oil GDP growth turned positive in 2004–05 after contracting for two years. Macroeconomic stability was achieved through the early adoption and maintenance of prudent fiscal and monetary policies. The authorities have maintained a policy of avoiding domestic or external borrowing, hence there is no public sector debt.
Download or read book Democratic Republic of Timor Leste written by Kalpana Kochhar and published by . This book was released on 2008 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Democratic Republic of Timor Leste written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-10-12 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for the 2004 Article IV Consultation on the Democratic Republic of Timor-Leste highlights economic developments and policies. Progress has been made in consolidating the new government’s administrative power and fostering a stable political environment, despite some early challenges. Despite progress in economic reconstruction, significant economic challenges remain. These challenges center on the strengthening of medium-term growth prospects to alleviate widespread poverty. Given the constraints of the current regime, prudent fiscal and wage policies will be essential to help avoid attrition in Timor-Leste’s external competitiveness.
Download or read book Democratic Republic of Timor Leste written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2024-02-27 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Timor-Leste has made impressive progress since independence in 2002 but remains a fragile post-conflict nation with pressing development needs. With oil and gas production having recently come to a halt, progress on diversifying the economy and developing the private sector is urgently needed. Fiscal deficits are financed by the country’s considerable Petroleum Fund savings, but regular large withdrawals are expected to lead to its full depletion by the end of the 2030s. A new coalition government—formed following parliamentary elections in May 2023—targets higher growth and achieving fiscal sustainability.
Download or read book Democratic Republic of Timor Leste 2005 Article IV Consultation written by Daniel Citrin and published by . This book was released on 2005 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Democratic Republic of Timor Leste written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-07-24 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2009 Article IV Consultation on Timor-Leste highlights that the Timorese economy has posted high economic growth over the past two years, driven by rapid increases in government spending and a recovery in agriculture from a 2007 drought. Central government spending rose sharply in 2008, reflecting efforts to address pressing development needs and secure social cohesion. Executive Directors have welcomed the recently announced moderation in government spending. Directors have also supported the prudent approach toward widening the fund’s investment portfolio.
Download or read book Democratic Republic of Timor Leste written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2017-12-07 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2017 Article IV Consultation highlights that Timor-Leste’s non-oil real GDP growth in 2016 is estimated at 5.5 percent, supported by a near doubling of government capital spending, albeit with large import leakages. Real total GDP declined by 7.9 percent in 2016, owing to a sharp fall in oil production. The overall fiscal deficit widened to 30.8 percent of GDP in 2016. Non-oil real GDP growth is projected to moderate to 3 percent in 2017, owing to lower government expenditure and the slowdown of activity owing to the delayed formation of the new government after the parliamentary elections in July. Inflationary pressures remain low, albeit with a return to positive territory with rising global food and fuel prices.
Download or read book Democratic Republic of Timor Leste written by James Gordon and published by . This book was released on 2009 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Democratic Republic of Timor Leste written by International Monetary Fund and published by . This book was released on 2004 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Democratic Republic of Timor Leste written by Fondo Monetario Internacional and published by . This book was released on 2003 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Democratic Republic of Timor Leste written by Fondo Monetario Internacional and published by . This book was released on 2005 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Democratic Republic of Timor Leste written by Fondo Monetario Internacional and published by . This book was released on 2007 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
